Satoshi-era whale moves over $4 Billion BTC
The Satoshi-era whale who sent shockwaves across the market on July 15 might be selling again.
- The big move. A Satoshi-era whale transfered 80K BTC.
According to data provided by Onchain Lens, a Satoshi-era Bitcoin OG recently moved $4.77 billion worth of Bitcoin to a single wallet. The massive whale recently transferred 40,009 BTC ($4.69 billion) to Galaxy Digital. The move was believed to be the key reason behind Bitcoin's rapid correction.
- HODLers take profit. This large movement hints at potential continued profit-taking from early Bitcoin holders.
The most recent transfer indicates that this selling might continue in the near future. Bitcoin is currently trading at $118,438 after adding 0.6% over the past 24 hours, according to CoinGecko data.
BlackRock's ETH bet shatters records
$10 trillion financial behemoth BlackRock breaks ultimate record for biggest Ethereum (ETH) buy.
- Record accumulation. BlackRock bought $499.2 million worth of ETH in a single day.
BlackRock just made its biggest move with Ethereum (ETH) to date, snapping up $499.2 million worth of ETH in a single day. This is a new all-time high for daily ETH accumulation by the asset giant. Arkham captured the purchase on-chain and now pegs BlackRock’s Ethereum holdings at over $7 billion, representing more than two million ETH.
- Portfolio boost. iShares Ethereum Trust (ETHA) now holds 2 million ETH ($7 Billion), comprising about 1.65% of total supply.
BlackRock's crypto portfolio keeps growing, with assets reaching almost $92 billion. Bitcoin is still the leader with $84.98 billion, but ETH is gaining ground quickly, especially as Ethereum-based products are bringing new money into the space.
XRP flags rare bull signal
XRP price saw sharp surge, recently reaching $3.28.
- MVRV Golden Cross. A signal that previously preceded a 630% rally flashed again for XRP.
An ultra-rare bullish signal has just flashed for XRP, and analysts are paying close attention. According to Ali Martinez, a cryptocurrency analyst, the MVRV ratio (Market Value to Realized Value) has triggered a golden cross, a signal that previously preceded a massive surge for the token.
- XRP price breakout. XRP reclaimed $3.28, reflecting strong momentum.
XRP was recently up 10.03% in the last 24 hours to $3.28, extending its rally from a low of $2.87 on Wednesday. Several analysts believe XRP's recent rally was underpinned by its strong technical structure, with veteran trader Peter Brandt highlighting the formation of an ultra-rare compound fulcrum pattern on the XRP chart, with the potential to reach $4.4. Some other predictions target $5.
Vladislav Sopov
U.Today Editorial Team